NatGas - Overnight Price: $0.32Petra Capital rates ((STX)) as...

NatGas - Overnight Price: $0.32

Petra Capital rates ((STX)) as Hold (3) -

Petra Capital considers the failure of gas to flow at Strike Energy's SE-3 well in the Perth basin and points to possible water contact due to the depth of the field.

The analyst is also not upbeat on the SE-2 well and flow performance which is to be tested in 5-days, due to poor initial data.

The target price is lowered to 31cents from 42 cents and a Hold rating is maintained.

This report was published on February 14, 2024.

Target price is $0.31 Current Price is $0.32 Difference: minus $0.005 (current price is over target).
If STX meets the Petra Capital target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.45, suggesting upside of 43.9%(ex-dividends)
The company's fiscal year ends in June.

Wilsons rates ((STX)) as Overweight (1) -

Wilsons is reconsidering the rating and target for Strike Energy, post the operational issues and water formation impact at SE-3, resulting in unsuccessful flowing.

The analyst believes over-drilling has caused the issues for the flow test and highlights the company will move to SE-2 and start a test flow over the next 5-days.

The Overweight rating and 53 cent target price are under review.

This report was published on February 13, 2024.

Target price is $0.53 Current Price is $0.32 Difference: $0.215
If STX meets the Wilsons target it will return approximately 68% (excluding dividends, fees and charges).
Current consensus price target is $0.45, suggesting upside of 43.9%(ex-dividends)

Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.58.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1.7, implying annual growth of 183.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.5.